Aviation

Bloomberg Europe’s biggest airline is resurrecting a dinosaur of the skies to tackle a dearth of premium seats on lucrative intercontinental routes. Deutsche Lufthansa AG will return five aging Airbus SE A340 jets in order to boost the availability of first-class seats as travel demand continues to rebound from the coronavirus crisis. The widebodies will be brought out of storage ...

  Bloomberg Southwest Airlines Co will update its earnings guidance prior to reporting fourth-quarter results to reflect costs associated with an operations meltdown that forced it to cancel 15,700 flights over eight days. “We will be issuing some information before earnings,” Chief Executive Officer Bob Jordan said in an interview without providing specifics of the changes. “Obviously it’s a significant ...

  Bloomberg Philippine President Ferdinand Marcos Jr asked his Transport chief to fast track talks with suppliers of equipment needed in the upgrade of the nation’s main airport after a New Year’s Day power-supply problem disrupted flights. At a televised briefing, Marcos said he wants the Ninoy Aquino International Airport in Manila to have a reliable power backup system. The ...

Bloomberg Airbus SE Chief Executive Officer Guillaume Faury said supply-chain issues will continue to hold back the aerospace industry this year amid continued strong demand. Speaking at an event of the French aerospace lobby Gifas — which Faury also heads — the CEO said the industry faces a shortage both of parts and qualified employees. Airbus was twice forced to ...

Bloomberg Ryanair Holdings Plc, Europe’s biggest discount airline, raised its profit target for the year through March following stronger-than-expected sales during the Christmas travel period. Annual earnings will be as high as €1.425 billion, compared with a previous target of as much as €1.2 billion, the Irish carrier said in a statement after markets closed. Profit in the fiscal third ...

  Bloomberg Cathay Pacific Airways Ltd will more than double its flights to mainland China to 61 return services a week from January 14 following the easing of Covid travel restrictions. Cathay aims to operate over 100 return flights a week by March, it said in a statement. The airline currently operates 27 flights a week from Hong Kong to ...

  Bloomberg The airline industry’s global lobby group condemned national moves to introduce Covid tests and other measures for passengers arriving from China as travel from the Asia nation resumes despite a flareup in the virus. The measures represent a knee-jerk reinstatement of steps that have proven ineffective in stemming the pandemic over the past three years, the International Air ...

Bloomberg Air France-KLM is turning to a much-debated part of the ethical bond market to repay state aid that helped it weather the coronavirus pandemic. The airline is presenting its sustainability-linked financing framework to investors, and will then offer at least €300 million ($317 million) of sustainability-linked bonds, according to a person familiar with the matter, who asked not to ...

  Bloomberg Kenya flag carrier’s shares will be suspended from trading for a further 12 months, extending the period the company’s stock is halted to more than three years as it struggles to return to profit. The suspension has been in place since July 2020 to allow the company complete its operational and corporate restructuring process, the Nairobi Securities Exchange ...

  Bloomberg The White House said there’s no reason Beijing should retaliate against the US and other nations that have imposed Covid restrictions on its travellers, saying the moves were justified on public health grounds as China experiences a surge in cases. “There’s no cause for retaliation here. Just because countries around the world are taking prudent health measures to ...